Glanbia in €50m takeover of US firm

Glanbia has strengthened its US nutritional and ingredients business with the €50m acquisition of Aseptic Solutions Inc (ASI) in Corona, California.

A manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% natural fruit juices, Aseptic Solutions is viewed as a complementary acquisition which enhances Glanbia’s service offering to its American clients.

Glanbia funded this purchase through its existing banking facilities.